The Nigerian National Petroleum Company Ltd has announced resumption of oil drilling campaign at the Wadi-B located in Jere Local Government Area of Borno State.
It resumed operation after it stopped drilling in Wadi-B in 1995 because back then successes were weak and findings made during the period were not in commercial quantity, it was reported.
According to NNPC’s Group Chief Executive Officer yesterday, Mele Kyari, the company hopes to bring prosperity to the people through the elimination of energy poverty currently threatening Africa’s biggest economy.
Kyari made the commitment at the Presidential flag-off of Wadi-B drilling campaign by President Muhammadu Buhari in Borno State.
Kyari said, “We understood very clearly that we need to understand the basin very well. We need to have a different approach to exploration activities in this very basin and that is why NNPC and our partners, the Ministry of Petroleum Resources and the current Upstream Regulatory Commission decided to embark on massive revaluation of all the frontier basins in the country.
“Of course, our findings have been useful. The understanding of the rift system in Nigeria enabled us to have successful outcomes in the Kolmani Area.
“It also enabled us to mobilise to Nasarawa State. Now a drilling activity is going on. It also helped us to understand the geological basin of the Chad Basin which is why we are back here.
“Now we are much more confident, we believe that this campaign will be successful and that this campaign will take us to the ultimate objective which is to increase the reserves of our country and also create opportunities around us. We believe that the time for oil and gas to vanish is still far away.”
He also stated that the NNPC and its partners would deploy the necessary technology and best approach that would enable it to create value for Nigerians in the quickest possible time.“
Kyri believes that the drilling exercise would check deforestation as most Nigerians who do not have access to cooking gas fell trees as an alternative for cooking.
He added that “Where ever we find crude oil, we will consider the concept of integrated production and conversion so that value can be created very quickly. We know for sure that 70 per cent of our population doesn’t have access to clean cooking fuel and that is why you are seeing the effects of the frustration which is most pronounced in this part of the country.”